Thanks to @Maccajohn on the ALK threads for highlighting the following article by s t o c k head, Barry Fitzgerald...'A Rising Twiggy Floats all gold? Here's two juniors setting sail'
Some excerpts ...Garimpeiro does not know if Andrew “Twiggy” Forrest will be rocking up to the Diggers & Dealers conference beneath Kalgoorlie’s big blue sky early next month to talk things Fortescue (ASX:FMG) and green hydrogen.
If he does, he is likely to leave Fortescue’s formal presentation on day two of the conference to an underling, or it could be a double act.
Whatever the case, Garimpeiro knows one thing for sure, should Australia’s richest man find time to press the front bar at the Palace Hotel during a break at the conference, he won’t need to worry about having some coin in his R.M. Williams moleskins.
That’s because the bar will want to be shouting him a handle or two for single-handedly giving the beaten up gold sector a boost on Thursday when his privately held Wyloo bid for 15% of gold producer Regis (ASX:RRL) at 13.8% premium to the market.
The article went on to mention...Apart from mentioning Pacgold again, they came up with two new names they said they were watching – the advanced WA gold explorer Musgrave (ASX:MGV), and the newly arrived WA gold producer Calidus (ASX:CAI).
Musgrave rose 6% to 26c on Friday but remains below its price a month ago of 30c. It recently achieved critical mass for a standalone development at its Cue project in WA’s Murchison thanks to a 41% increase in the resource to 927,000 ounces.
Exploration for more of Cue’s above average grade ounces continues. But there are plenty of established producers in the region who wouldn’t mind adding the ounces to their own bank of resources.
That’s a long way of saying Musgrave is a likely takeover target, particularly at these lower levels.
Some good press anyway...
J22
